Consumer Choices: Needs and Wants

This Promethean Flipchart explores "Consumer Choices: Needs and Wants" in which students must describe how the individual can make good consumer choices, differentiate between a need and want, and discuss the importance of knowing the difference. The lesson begins with an introduction splitting the page with items on either side, and the students are asked a series of higher order thinking questions, "What is the difference in the items?", "Is one side more important than the other?", etc. Next, a list of objectives are given. Then students are given the vocabulary terms "consumer" and "good" with the definition of each, along with concept higher order thinking questions. Next students are invited to discuss their personal experience (obtaining background knowledge) on buying items. Next students are given the vocabulary words "need" and "want" and given the definition of each. Then a T-Chart is displayed in which students are encouraged to differentiate by listing needs versus wants. On this page, a link to a content-related video is given (if your system allows). On the next 7 slides, students are presented with two items on each slide and must identify which one is the need and which one is the want. The flipchart then displays the poem "The Old Woman Who Lived in a Shoe" in which the teacher may make connections between the poem and the lesson they are learning. Last, before closure, a partner activity is given for students to break up into groups of two or three and and must determine the best consumer choice to make with the given scenario.